Discounted cost
ICMS: Global Consistency in Presenting Construction Life Cycle Costs and Carbon Emissions, 3rd edition, November 2021, published by the ICMS (International Cost Management Standard) Coalition, defines discounted cost: ‘The resulting cost when the real cost is discounted by the real discount rate or when the nominal cost is discounted by the nominal discount rate (ISO 15686-5).’
See also: Discount rate.
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